Bitcoin Slips to $62K as Stocks Fall and Oil Jumps on Iran Ceasefire Breakdown

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Hedge funds are holding their most negative stance on the Japanese yen since 2007, increasing short positions to nearly 138,000 contracts as of June 30.

Ripple and XRP Partnership
The University of Kansas has entered into a partnership with Ripple, bringing XRP branding onto its athletic uniforms.

Bitcoin Slides on Geopolitical Tensions
Bitcoin dropped to its session low after former President Donald Trump stated that the U.S. may carry out additional strikes on Iran later tonight, speaking alongside Ukraine’s President Zelenskyy at a NATO summit. Trump claimed Iran has repeatedly violated the ceasefire.

BTC fell to around $61,800, down 2.5% over the past 24 hours. Meanwhile, WTI crude oil surged above $74 per barrel, gaining 5% on the day. U.S. stock futures recovered somewhat, with Nasdaq futures now down about 0.7% after earlier losses close to 2%.

Blue Origin Seeks Outside Funding
Jeff Bezos’ space company, Blue Origin, is close to completing a funding round, according to the New York Times. The deal could raise $10 billion and value the company at $130 billion. Coatue Management, led by Philippe Laffont, is expected to invest $4 billion, while Bezos will contribute another $2 billion.

Trump Targets Spain Trade
At the NATO summit in Turkey, Trump criticized Spain for not increasing defense spending and called for a complete halt to U.S. trade with the country. He directed Treasury Secretary Scott Bessent to cut off all trade ties.

OpenAI Model Names Spark Crypto Reactions
OpenAI announced it will release its GPT-5.6 models—named Sol, Terra, and Luna—globally this Thursday after a limited preview phase. The names, inspired by celestial bodies, drew attention from the crypto community due to their association with the failed Terra-Luna ecosystem collapse in 2022.

RWA Perpetual Futures Surge
Trading volume for perpetual futures tied to real-world assets has exploded, reaching $347 billion in May from just $230 million at the start of 2025, according to CoinGecko. Total volume this year has exceeded $1.32 trillion, far surpassing last year’s $104 billion. Binance leads the sector, followed by MEXC and Hyperliquid.

Bitcoin ETFs See Inflows Again
U.S. spot Bitcoin ETFs recorded $21.44 million in inflows on Monday, marking a third consecutive day of gains—the first such streak in weeks. BlackRock’s IBIT led inflows, while Fidelity and ARK saw outflows. Total ETF assets have risen to $77.26 billion. Bitcoin traded near $63,800 following the data release.

Ceasefire Collapse Hits Markets
Trump declared the Iran ceasefire effectively over, triggering renewed geopolitical concerns. Oil prices jumped 5% above $74, while Bitcoin slipped to $62,000. Nasdaq futures also declined by about 1.2%.

Robinhood Chain Gains Traction
Robinhood’s layer-2 blockchain built on Arbitrum has surpassed $100 million in total value locked within a week of launch. Most funds are concentrated in the Morpho lending platform, followed by Uniswap and Meridian.

Korean Stocks Fall, Bitcoin Holds Steady
South Korea’s Kospi index has entered a technical bear market, falling roughly 20% from its recent peak amid concerns over AI demand. Major chip stocks declined sharply, yet Bitcoin remained relatively stable near $62,650, maintaining weekly gains.

Inflation Expectations Rise
A Federal Reserve Bank of New York survey shows U.S. consumers expect inflation to hit 3.7% over the next year, the highest since 2023. Longer-term expectations also rose, reinforcing interest in assets like gold and Bitcoin as inflation hedges.

Weak Yen Drives Crypto Adoption in Japan
The yen’s sharp decline—now near a four-decade low—is pushing Japanese companies toward crypto assets like Bitcoin and XRP. Corporate demand is rising as firms look to diversify away from cash holdings. SBI VC Trade reported a surge in accounts and growing use of crypto in corporate strategies, reflecting broader market trends tied to currency weakness.

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